Friday April 15, 2016
Economic Calendar & Watch Lists 4/15/2016
Morning Notes
US futures are slightly lower along with European stocks after China reported their GDP which displayed the slowest economic growth since the financial crisis in 2009. Crude oil is also trading lower by nearly -2% driving energy producers lower.
Technicals
The SPY trade flat in yesterday’s session on light relative volume as the markets awaited China’s GDP data. Support will lie at the low of yesterday’s range at $207.60, followed by $206.84, $206.49, $206.25, and the most recent critical support pivot at $205.25. Resistance will lie at the high of yesterday’s range at $208.60, followed closely by $208.68, and then $209.73.
Small Cap Watch List
*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
$RLYP
Economic Calendar
8:30 Apr Empire manufacturing survey general business conditions expected +1.38 to 2.00
9:15 Mar industrial production expected -0.1%, Feb -0.5%
10:00 Prelim-April University of Michigan U.S. consumer sentiment expected +1.0 to 92.0
12:30 Chicago Fed President Charles Evans speaks
Notable Earnings Before Open
SCHW: Charles Schwab – EPS Est. $.29, Rev Est. $1.75B
C: Citigroup – EPS Est. $1.04, Rev Est. $17.61B
Notable Earnings After Close
NONE
April 15th Swing Watch List
No watch list for Friday.
